Contact us for instant answers.

We invite you to experience the Birchwood difference. Fill out the form to the right and a representative will contact you with more information.

Analyzing Housing Affordability

05.29.2019

Housing affordability is a growing issue, and according to the latest National Association of Home Builders (NAHB) Home Building Geography Index (HBGI), exurbs—outlying counties of large metro areas with at least 1 million residents—were the only region that registered single-family permit growth on a year-over-year basis in Q1 2019.

How Vacancy Impacts Home Sales

05.21.2019

Vacant homes sell for less and take longer to sell, according to a recent report from Redfin. Redfin’s analysis revealed that vacant homes sell for $11,306 less and spend six more days on the market than comparable occupied homes.

New Month, New Direction for Mortgage Rates

05.10.2019

Mortgage rates dipped for the second consecutive week in May after weeks of steady increases in March and April, according to Freddie Mac’s Primary Mortgage Market Survey.

Good News, Bad News From Pending Home Sales Data

05.01.2019

The National Association of Realtors (NAR) Pending Home Sales Index reported contract signings fell 1.2% year-over-year in March, making March the 15th straight month of annual decreases.

2019’s Improved Housing Outlook

04.26.2019

he housing market in 2019 may be stronger than originally predicted, according to a recent report from realtor.com. The site’s updated 2019 housing forecast indicates a shift in the economic outlook. A higher home price growth of near 3 percent, stronger homes sales and a slower pace of monetary tightening may lead to lower mortgage rates of 4.5 percent by the end of the year.

Home Sales in Spring off to a Slow Start

04.17.2019

The spring homebuying season in 2019 is off to a slow start despite home sales climbing almost 29% in March compared with February according to data from the latest RE/MAX National Housing Report.

Removal of public records has little effect on consumers’ credit scores

04.10.2019

Today we released the latest quarterly consumer credit trends report , this time focusing on the removal of civil public records from consumer credit reports.

Home Searches Speed Up

04.03.2019

Homebuyers are spending less time looking for homes in 2019, compared to previous years, according to a study by Redfin.

Three Trends That Will Shape the Mortgage Market

03.29.2019

The government-sponsored enterprises' (GSEs') move towards single security, the Federal Housing Administration's (FHA's) credit box changes, and the supply of homes available for sale are three trends that will likely shape the mortgage market in 2019 and beyond, according to the Urban Institute's latest Monthly Chartbook.

Reaping the Benefits of Falling Mortgage Rates

03.21.2019

Homebuyers are likely to see affordability increasing this spring buying season. According to the latest Freddie Mac Primary Mortgage Market Survey, mortgage rates moved lower by 0.4 points compared with last week to 4.28 percent. The 30-year fixed-rate mortgage during the same period a year ago stood at 4.45 percent.

Pages

Connect with us:

© Birchwood Credit Services 2020. Web Development by CommonPlaces Interactive

Contact|Privacy Policy|Site Map|Security & Technology